The Rock, Georgia Property Taxes
The median property tax rate in The Rock, GA, is 1.27%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $55,272 in The Rock, the typical annual property tax bill reaches $700, which is below the national median of $2,690. Property taxes in The Rock are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding The Rock's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of The Rock or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
The Rock, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$702
$651
Ownwell’s THE ROCK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in THE ROCK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in THE ROCK to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across The Rock, Georgia
Property taxes in The Rock, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in The Rock is 1.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within The Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, The Rock estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares The Rock's effective property tax rate to other areas in Georgia and the national median. For comparison, the 30285 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these areas compare with The Rock provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average The Rock Tax Rate
1.27%
Average Lamar County Tax Rate
1.27%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across The Rock, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30285 | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across The Rock, Georgia
In THE ROCK, Georgia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Lamar County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In THE ROCK, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in THE ROCK helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in THE ROCK both stand at $700 in the zip code 30285.
Average The Rock Assessed Value
$55,272
Average Lamar County Assessed Value
$156,221
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across The Rock, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30285 | $13,880 | $26,571 | $55,272 | $188,456 | $398,807 |
Source: Ownwell
Property Tax Bills Across The Rock, Georgia
In The Rock, located in Lamar County, GA, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is determined by the local tax assessor. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. For instance, with a median home price of $55,272, homeowners can expect their tax bills to vary widely. The 25th percentile tax bill is around $353, while those in the 75th percentile see bills closer to $2,386. At the higher end, the 90th percentile tax bill reaches approximately $5,050. These tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for evaluating local rates. Understanding these factors helps homeowners anticipate their annual expenses and budget accordingly, ensuring they are prepared for their property tax obligations.
Average The Rock Tax Bill
$700
Average Lamar County Tax Bill
$2,035
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across The Rock, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30285 | $176 | $353 | $700 | $2,386 | $5,050 |
Source: Ownwell